Tuesday, April 12, 2011

Introduction

Anon scholarship, what is it about? Why it's a college scholarship for anons of course.

How does it work? It mainly functions around a site called upromise and shopping through the links on it for a small % of money back. Upromise is able to function in this manner with giving the consumers money back because generally people are more fooled and likely to buy things when they think they're getting something back, is simple psych.

So just visit this blog and when you buy stuff online do it through the link. Currently the upromise account is linked to the partner Sallie Mae online bank account. Why? Because 1) It has a pretty good interest rate for while the money is sitting in it and 2) it also matches 10% of whatever is earned through upromise.

So the money that is earned, continues earning. As well as the adsense account being linked for deposits as well.

What's the point? Well with enough people it can be enough money to actually create a scholarship for anons and such. Initially we'll only be shooting for community college level until it gets bigger.

The accounting practices will be transparent, people will have a say in how funds are dispersed and scholarships awarded, odd demands on the scholarship receivers can be put forward.

This will not be your typical scholarship, there will be accountability on behalf of the student, only part of the funds will be paid at the beginning, and when possible will be paid directly to the school, not letting the scholarship receiver being able to dick around with the money, and other payment given on successful completion of coursework.

It will take several months to build up enough funds to bother even funding 1 anon, but depending on how many people enroll and stick with it will see how much funds there get to be.

There are no operating expenses, no skimming off the top, all records will be provided at request.